The global aluminium extrusion market is entering a sustained growth phase, driven by construction, transportation, renewable energy and advanced manufacturing. This overview covers market structure, segmentation, cost drivers and the strategic trends expected to shape the industry through 2035....
MCX aluminium prices are entering the second half of August with supply-side risks once again becoming a key market driver. ICICI Direct expects the August aluminium futures contract to find support near INR 344 per kg and move towards INR 356 per kg. Aluminium has been through a sharp...
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Alcoa Inc, the largest US aluminium producer, posted a fourth-quarter loss on Monday but gave a positive outlook for metal demand in the aerospace, construction and other industries, lifting its stock price in after-hours trading. It forecast 7 per cent growth in global aluminium demand this year...
Japan Aluminium Association's chairman Mr Masateru Yoshihara said that domestic aluminium demand in 2012 would be same level or slightly lower than around 3.8 million tonnes in 2011. He warned that the market increases uncertainty since late 2011 at New Year party of the association, Japan...
Brazil's domestic aluminum consumption is forecast to rise by an average of 8.9%/y in the 2012-25 period, according to national aluminum association Abal, paper Valor Econômico reported. The growth rate for 2011 is the same, according to Abal. The industry is expected to reach 1.42Mt of products...
Aluminum Corp of China (Chinalco) will stay in the black this year despite plunging prices for the metal, but Europe's worsening debt crisis is darkening next year's outlook, said President Xiong Weiping on Thursday. Chinalco, the country's biggest aluminum producer, made a profit of 3 billion yuan...
Bosnia's sole aluminium smelter, Aluminij Mostar, will post a small profit this year and expects a loss in 2012 due to lower prices on the world market, General Manager Ivo Bradvica said on Thursday. "The profit will not be high and I can only say that we shall end the year positively," Bradvica...
Aluminium Corp.of China Ltd(Chinalco), the listed unit of China’s biggest maker of the lightweight metal, slid 0.6 percent to 6.57 yuan. Shenyin & Wanguo Securities Co. lowered Chinalco’s earnings per-share forecast for this year by 38 percent to 0.05 yuan and for 2012 by 18 percent to 0.18 yuan,...
Below are the three companies in the Aluminum industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the...
The decline in aluminum prices has already led to production cutbacks in China and will likely lead to more, providing a mildly bullish boost to the metal, Goldman Sachs said. The bank on Tuesday lowered its 12-month aluminum price forecast by 9.4% to $2,400 a metric ton from $2,650/ton previously,...
The non volatile nature of Aluminium futures helped it to nullify some of the heavy selling days in the commodities. Still, Aluminium will take home more than 13% losses on benchmark London forwards contract in the year 2011. Demand outlook for 2012 has been dull and the predictions from some of...
NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...
NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...
NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...
Aluminum stocks have been hammered in recent months as a weak outlook for the global economy has weighed on prices. Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, "creating a scenario in which global production may suffer in the months ahead...
The global aluminium market will swing into a deficit of 357,000 tonnes in 2013 with the Chinese market dipping into a wider deficit of 500,000 tonnes during the year, as supply growth from China, Middle East and other emerging economies will slow, Marubeni Corp, said on Tuesday. Marubeni, Japan's...
The demand for primary aluminium is set to touch 75 million tonnes by 2020, primarily with India, China and Brazil emerging as the new growth centres for aluminium-based products. In 2010, the production of the metal globally had increased to 40 million tonnes. In addition to this, 10 mt of the...
In spite of low primary metal prices, rising power costs, reports that a significant proportion of China’s smelting capacity is losing money at current prices, and widespread predictions of smelter closures, two Reuters reports suggest Chinese smelting capacity is set to almost double over the next...
Norsk Hydro, one of the world’s top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red, reports Mineweb. The Norwegian miner’s stocks dropped 2.9 percent after...
Aluminum does not have “significant room for further downside” amid potential closures among Chinese producers as falling prices may trigger output cuts, according to Goldman Sachs Group. “Although we have not seen many price-related cuts in capacity as yet, we believe that if prices continue to...
